BENGALURU: Goldman Sachs Alternatives acquired a majority stake in Gurugram-based human capital management software provider PeopleStrong, the companies announced on Monday. The deal was made through the private equity arm of Goldman Sachs’ alternatives platform. Financial terms of the deal were not disclosed. Stay informed with the latest business news, updates on bank holidays and…
Vedanta Group Chairman Anil Agarwal (File photo) NEW DELHI: India has the potential to overtake Brazil and China to become the world’s second-largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday.During April to January of the 2024–25 fiscal year, India’s iron ore production rose by 3.5% to 236 million metric tonnes (MMT),…
Boeing shares dropped sharply, slumping to 2.8% in premarket trading, after China ordered its airlines to stop taking deliveries of the American aerospace giant’s jets.This fresh blow pushed the company to $154.86 as trade tensions between Washington and Beijing intensified.According to a Bloomberg report, Chinese carriers were instructed not to accept any more Boeing aircraft…
NEW DELHI: Retail inflation slowed to a more than 5-year low in March on the back of sharply moderating food prices, paving the way for the Reserve Bank of India (RBI) to cut interest rates in the months ahead to support growth against the backdrop of global uncertainty.Data released by the National Statistical Office (NSO)…
NEW DELHI: Indian equities surged as markets reopened after an extended weekend, with the NSE Nifty 50 Index rallying by as much as 2.4% on Tuesday in Mumbai, surpassing its April 2 closing level. According to Bloomberg, this rebound makes India the first major market globally to erase losses stemming from the reciprocal tariffs imposed…
Nvidia Corp, the dominant player in chips for AI models, plans to produce as much as half a trillion dollars’ worth of AI infrastructure in the US over the next four years through manufacturing partnerships.Production of Nvidia’s latest generation AI chip, known as Blackwell, has begun at Taiwan Semiconductor Manufacturing Co’s new plant in Phoenix,…
Gold prices in the national capital rose by Rs 50 on Tuesday to align with their all-time high of Rs 96,450 per 10 grams last week, the All India Sarafa Association said. This hike followed a Rs 50 dip on Monday, when gold of 99.9% purity had closed at Rs 96,400 per 10 grams.This upward…
Top stocks to buy or sell today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Saregama and Jio Financial Services are the top stocks to buy today, while Power Grid is a sell call:SAREGAMA LTD: BUY in ₹533–527 Range | Stop Loss: ₹498 |…
Banking stocks stole the spotlight on Tuesday as the broader markets continued their winning streak, driven by a mix of interest rate cuts and improved investor sentiment.IndusInd Bank was the standout performer, soaring 6.84% on the BSE. Other private sector lenders followed suit, Axis Bank jumped 4.18%, HDFC Bank rose 3.23%, and ICICI Bank gained…
IndusInd Bank on Tuesday said that accounting lapses in the derivative portfolio will have a negative impact of Rs 1,979 crore on the bank’s networth. The bank has assessed an adverse impact (on a post-tax basis) of 2.27 per cent to its net worth as of December 2024 on account of discrepancies relating to derivative…
